Seadrill blows up on the stock exchange

The share price at John Fredriksen's struggling drilling company went up by 23 percent Friday morning and is thus the most inclining share on the Stoxx 600 index.

Photo: Seadrill

The Norwegian drilling company Seadrill ends the week nicely with a very solid price increase. The share surged by 23 percent on the Oslo Stock exchange Friday morning (CET) and is thus the most inclining share in the wide Stoxx 600 index.

There are speculations as to whether the Norwegian billionaire John Fredriksen will inject a big sum into the company. ShippingWatch reported earlier this week that Fredriksen has sold off a stake in the salmon farmer Marine Harvest freeing up over USD 500 million.

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